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Dec 20, 2012
12/12
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sandy? a shooting? fiscal cliff? what about a weakening economy. a few jobs, no money. maybe that's a reason for this. not great, not stellar holiday shopping season and let's bring in carol ross, former investment banker, knows a thing or two about shopping and investment petailers, i'm saying, i'm tired of the excuses. i'm tired of hearing, oh, it's sandy or it's that or that and there's always an excuse when the economy starts to weaken, i just any the economy is weakening. what do you say? >> well, i agree, i mean, obviously, people have less money, they haven't been working and they're underemployed, but i do think that this is the big piece, stuart, this is pessimism. because you have to remember, even in the face of no money and no job, which has been going on for a while. consumer credit capacity actually has been increasing and consumers have been deleveraging and their home values have been going and theoretically they have more credit capacity, the fact that they're not using that capacity says to me, they're not optimistic about the future. >> i can see that
sandy? a shooting? fiscal cliff? what about a weakening economy. a few jobs, no money. maybe that's a reason for this. not great, not stellar holiday shopping season and let's bring in carol ross, former investment banker, knows a thing or two about shopping and investment petailers, i'm saying, i'm tired of the excuses. i'm tired of hearing, oh, it's sandy or it's that or that and there's always an excuse when the economy starts to weaken, i just any the economy is weakening. what do you say?...
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Dec 14, 2012
12/12
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sandy is turning into a pork wagon. the problem you have to get the money right to the victims of hurricane sandy. not to be christmas tree, a pork wagon to help out federal government agencies. we saw this after katrina. when i covered katrina you saw laptops, new lap tops for government employees. you saw things like soccer balls for some reason, new cell phones. so the thing is, you don't want this bill to be hung up in congress. those line items should be knocked out put into the budget. david: the incredible thing is while they're spending $15 million on a roof for the justice department, they're folks we all know living out in the cold and are still saying when will we hear from fema? >> that is a problem too. again and again, i'll tell you something, not to toot our own horn but i will, fox business is the only media outlet who has been on the story. you guys have been on it from day one, what is being done to help the hurricane sandy victims it. now we see it turning into a big pork wagon. that is a real problem
sandy is turning into a pork wagon. the problem you have to get the money right to the victims of hurricane sandy. not to be christmas tree, a pork wagon to help out federal government agencies. we saw this after katrina. when i covered katrina you saw laptops, new lap tops for government employees. you saw things like soccer balls for some reason, new cell phones. so the thing is, you don't want this bill to be hung up in congress. those line items should be knocked out put into the budget....
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Dec 15, 2012
12/12
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that obviously has nothing to do with sandy. adam: that is so far away. will this become part of the fiscal cliff negotiations? could you have john boehner saying to the president we don't want to do this or boehner making the case we need this kind of spending? who stands where on that? i realize it will be going through the senate but where does this stand? >> i don't think house republicans will go for anything nearly this size. i'm hoping it is kept out of the fiscal cliff negotiations just because it is messy enough as it is. adding in this and all the other permutations that taxpayers will get a really bad deal. what is ironic. what is about the fiscal cliff? $110 billion across-the-board cuts are in 2013, the sequester. this is the $60 billion of extra ending. we're all wringing our hand trying to figure out about $110 billion in cuts. but at the same time they opened up a checkbook for $60 billion much with nothing to do with sandy. adam: let's reverse it. let's go to new york city. i saw better itry tunnel fill with water. mta swallowed 4 to $5 b
that obviously has nothing to do with sandy. adam: that is so far away. will this become part of the fiscal cliff negotiations? could you have john boehner saying to the president we don't want to do this or boehner making the case we need this kind of spending? who stands where on that? i realize it will be going through the senate but where does this stand? >> i don't think house republicans will go for anything nearly this size. i'm hoping it is kept out of the fiscal cliff...
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Dec 14, 2012
12/12
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profiting on superstar and sandy. of the government plans to make big bucks while the victims of the storms continue this effort. dennis: of the stick a look at some of today's winners over on the nasdaq. ♪ cheryl: and it's time for your westcoast minute. a judge has ordered walgreens to pony up 16 and a half million dollars to settle charges against its california stores. the lawsuit filed back in june accused the stores in california of illegally handling pesticides , bleach, paint and pharmaceutical waste. walgreens denied knowledge of the wrongdoing. now, a story from earlier this week. today oregon's governor heads to the state legislature to ask for a guarantee that lawmakers will not raise or change corporate taxes and estate. the second-largest employer, which is nike, the world's largest sneaker maker says it will create jobs and expand in business, but only if taxes do not go up there. president obama finally weighing in other recreational marijuana debate. the president says federal party should not targe
profiting on superstar and sandy. of the government plans to make big bucks while the victims of the storms continue this effort. dennis: of the stick a look at some of today's winners over on the nasdaq. ♪ cheryl: and it's time for your westcoast minute. a judge has ordered walgreens to pony up 16 and a half million dollars to settle charges against its california stores. the lawsuit filed back in june accused the stores in california of illegally handling pesticides , bleach, paint and...
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Dec 31, 2012
12/12
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bill greiner, sandy lincoln and, of course, larry shover. david: well, it's not just the threat of taxes rising next year, about 28 million families will owe the irs billions, more than expected, for in this year. it could include you. coming up next, liz macdonald with all the information about whether you're on this list that you don't want to be on. liz: plus, not many investors are willing to come back and look at tear predictions from a year -- at their predictions from a year ago, but we found one, teddy weisberg was on with dave and boldly predicted an exact number for the dow on this day. hear how close he came, coming up. come on up, teddy. we'll be with you in a minute. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ why does my mouth feel dryer than i remember it to be? there are more pe
bill greiner, sandy lincoln and, of course, larry shover. david: well, it's not just the threat of taxes rising next year, about 28 million families will owe the irs billions, more than expected, for in this year. it could include you. coming up next, liz macdonald with all the information about whether you're on this list that you don't want to be on. liz: plus, not many investors are willing to come back and look at tear predictions from a year -- at their predictions from a year ago, but we...
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superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the foxnews.com automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there were 200 to 250,000 cars destroyed. not quite that many were sold last month but played into the increase we saw to a certain extent. used car sales were not up as much. true car.com estimating 4%. lori: give the time of year i was reading that the storm and length of time on average people holding onto the cars is like 11 years is actually giving support to overall car prices. can you comment on that? >> yes. sales, transaction prices were up. so were incentives. so kind of balanced itself a little more. people are spending more on cars. shoving a
superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the foxnews.com automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there...
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Dec 30, 2012
12/12
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it's an emergency bill for sandy victims. it's typical of washington. exactly the type of thing that needs to stop in the city. frankly, it encourages young people like me who will have to pay for stuff like this and our future, pay the interest payments for this type of baloney. tom: where are the young people. you know, the and people turned out to vote in november. yet your generation is going to be the one hat puts -- foots the bill for all of this. where is a screaming? >> talking to young people. frankly, our organization and a few others i1 of the few organizations talking to young people who are conservative. many debt more conservative talking to young people, explaining these issues, going to college campuses not being afraid to get a college campuses demagogy and communities. right now we read them -- of, that's the liberal environmt. we can't go there which is why we're losing that battle. tom: the conversation takes place to sit connect the dots, listen, we thought we voted for this inspirational person. yet all we are getting is more debt
it's an emergency bill for sandy victims. it's typical of washington. exactly the type of thing that needs to stop in the city. frankly, it encourages young people like me who will have to pay for stuff like this and our future, pay the interest payments for this type of baloney. tom: where are the young people. you know, the and people turned out to vote in november. yet your generation is going to be the one hat puts -- foots the bill for all of this. where is a screaming? >> talking to...
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the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl: construction, there was a loss of 20,000. most of us expected a little bit of a game and that ector. >> maybe it will take a little bit longer to give up. my brother is still out of his house. they cannot get anyone to do work on it yet. cheryl: let's go over to the cme. i know that metals has been a big focus for a lot of traders today. what are you watching? >> just the price action in gold. it really gives the feedback. people, you know, maybe a risk on trade. it jumps back to the 17th 04 daily highs. that makes me believe i want to belong before the meet
the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl:...
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Dec 28, 2012
12/12
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sandy smith is there. what's going on, sandy? >> this is the stuff you don't see in a trade desk in the office or at home. the trade action picked up in the final minutes here. the s&p500 index of 500 stocks we watch every day closed at the top of the hour, at 14 # 0 # 2, hung on to the 1400 level. the futures, the pit i'm in, continues to trade for another 15 minutes. david, for those 15 minutes, we saw continuous selling. it continued to get hammered, and a trader said it was dallas rows, new lows of the session, and another said we fell on the lowest level in the front month futures contract to the lowest level since thanksgiving. the news that president obama did not come up with a new plan when meeting with congress just now, not good news for the markets, and we closed at session lows for the s&p 500 futures, probably indicating there's selling when trading reopens tonight and tomorrow morning as well. david: fasten the seat belts, a bumpy weekend and monday morning of trading, well below the 1400. shibani: dropping a perce
sandy smith is there. what's going on, sandy? >> this is the stuff you don't see in a trade desk in the office or at home. the trade action picked up in the final minutes here. the s&p500 index of 500 stocks we watch every day closed at the top of the hour, at 14 # 0 # 2, hung on to the 1400 level. the futures, the pit i'm in, continues to trade for another 15 minutes. david, for those 15 minutes, we saw continuous selling. it continued to get hammered, and a trader said it was dallas...
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Dec 19, 2012
12/12
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also, hurricane sandy emergency workers. lou: our hearts go out to all who lost their lives, who have suffered so much. whether it be in newtown, connecticut, or new york were so many still suffer. we are a nation that seems to be, whether it be by the leadership of our elected officials, whether it be the president or others, we seem to be focusing on victimization. we seem to be focusing on victims rather than those who are prevailing. we are focusing less on what we do with honor and great, great sacrifice to achieve much. instead, we seem to be focusing on those that would limit us and that that which is the worst among us. lori: you have focused any times about leadership and lack thereof. interesting that time .2 a leader. lou: i hope not too many people are. lori: my point is, we do not have a choice at this point. lou: well, we do. the president, after all, is just the president. the speaker is just a speaker. we are fundamentally americans. americans are despite all still a classless society. people are trying to di
also, hurricane sandy emergency workers. lou: our hearts go out to all who lost their lives, who have suffered so much. whether it be in newtown, connecticut, or new york were so many still suffer. we are a nation that seems to be, whether it be by the leadership of our elected officials, whether it be the president or others, we seem to be focusing on victimization. we seem to be focusing on victims rather than those who are prevailing. we are focusing less on what we do with honor and great,...
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Dec 10, 2012
12/12
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look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million dollars short of the revenue it expected to bring in, because when you raise taxes, some people leave. check the big board. same old same old same old. the dow is flat, up just 23 points in the early going this monday morning. here is our company: sandra smith is with us. the conservative commentator is with us. and nicole petallides is there on the floor of the new york stock exchange. here we go, new at 10:00, the latest climate change rant from former vice president al gore. he blames pollution for causing climate change, which h
look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million...
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Dec 14, 2012
12/12
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a mass shooting at sandy hook elementary. there are at least 26 fatalities, 18 children, eight adults. there are no active shoot is. the gunman took his own life. we're hearing reports a second gunman was taken into police custody. we're learning that the gunman was a 20-year-old male. we're moments away from a police news conference. we are reporting there were two handguns cover recovered at scene. a glock and a sig sauer. this press conference is just beginning. we'll bring it to you live momentarily. we'll go to the press conference. get it, record it and bring it to you momentarily. lori: gives new meaning to the term, mousetrap. alleged flaw in microsoft's internet explorer could have attackers following every move of your mouse. shibani joshi has the details. more invasion of privacy is this? >> well, it's a flaw in the internet explorer security browser. so basically what the attackers are doing, they're going in and watching what you're doing with your mouse and your activity over all on the browser. this has the pot
a mass shooting at sandy hook elementary. there are at least 26 fatalities, 18 children, eight adults. there are no active shoot is. the gunman took his own life. we're hearing reports a second gunman was taken into police custody. we're learning that the gunman was a 20-year-old male. we're moments away from a police news conference. we are reporting there were two handguns cover recovered at scene. a glock and a sig sauer. this press conference is just beginning. we'll bring it to you live...
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industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that recall's interesting because they don't have a great fix for that, but, you know, didn't hurt the stock. sales, obviously, still pretty good, really bringing it to toyota on those electric and those hybrid sales. good for u.s. auto makers as well. there's the headlines. auto industry. >> jeff from chicago. >> literally up to speed. >> ha-ha, very good. >> thank you, couldn't resist. >> well -- >> ups and amazon have jobs in the shipment facilities, but there's not a way to fill them. tell you why. >> all right. the idea that the president should negotiate the debt deal with congress on c-span, they should televise the whole thing. realistic or something we would ever want to watch? neil cavuto, we'll see what he thinks of it. heath coming up live in studio, but, first, markets here on "markets now," and here's the win
industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that recall's interesting because they don't have a great fix for that, but, you know, didn't hurt the stock. sales, obviously, still pretty good, really bringing it to toyota on those electric and those hybrid sales. good for u.s. auto makers as well. there's the headlines. auto industry. >>...
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Dec 10, 2012
12/12
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the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks people should be talking about but aren't. how did you identify them? >> there are lots of things people worry about, but which of the really big ones and what kind of a timefram time frame ae talking about? decade?out next week or next we talk about the big risk to have to look further in the future. liz: the next yea
the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be...
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david: sandy in for liz today, good to see you. san da: good to see you. david: jpmorgan whale trader, the senate's been investigating it. questioning as many as 80 people who may have been associated. we're expecting some breaking news any moment now about that investigation. l. >> and we'll have that for you as it comes in. david: let's go to lauren simonetti. she's at the new york stock exchange. lauren, let's start right off, what's happening? the market is down 56 points on the dow right now. dell, however, had a nice pop today based on what goldman sachs was saying about it. >> exactly. goldman upgrading the stock all the way to a buy from a sell. it was one of the best performers not only on the s&p 500, but also on the nasdaq 100. so dell certainly a winner today. >> and, lauren, we saw you wearing your uggs on the trading floor, deckers outdoor the maker of those boots, it's getting a nice pop. >> up more than 9%. the folks over at stern ag upping the stock to a buy but also saying the season of the ugg is going to be august of
david: sandy in for liz today, good to see you. san da: good to see you. david: jpmorgan whale trader, the senate's been investigating it. questioning as many as 80 people who may have been associated. we're expecting some breaking news any moment now about that investigation. l. >> and we'll have that for you as it comes in. david: let's go to lauren simonetti. she's at the new york stock exchange. lauren, let's start right off, what's happening? the market is down 56 points on the dow...
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still willing from super storm sandy here in the northeast. peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut alone are seeking $80 billion in federal help. the administration is teeing up a big request. >> much of the impact of sandy go beyond fema programs. fema's assistance is limited, maximum benefits of individual family could receive is about $31,000 if they have no assurance. others that will not rebuild destroyed or damaged home to did not have insurance. >> woke up to this headline. u.s. denies aid to the maryland storm victims. this is the picture of the face of maryland going through the storm. i will not show you the pictures of the lower shore this morning. >> a
still willing from super storm sandy here in the northeast. peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut...
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Dec 20, 2012
12/12
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hurricane sandy is one of the reasons. they are trying to keep up with their tech knowledge he and websites. you can see, good bath and beyond is under some pressure with that weaker forecast. back to you. connell: now, onto housing. maybe we can finally say it, ron, housing has finally turned the corner. that is it. it is off to the races. >> connell, i could not agree more. i would say that housing is back. it has been in the penalty box as it relates to the economy. i think that this past year, we have moved from a drag to being a very small contributor. i think next year, it will start to assume the role that it has played four years. that is as a country emerges out of a slowdown, housing is a major contributor in bringing it back and bringing growth into the economy. connell: if someone has been watching and waiting and they do not want to get out and buy a new house, they could have been thinking home prices will come down even more and, now, maybe not, by looking at these numbers. what would you say to someone who
hurricane sandy is one of the reasons. they are trying to keep up with their tech knowledge he and websites. you can see, good bath and beyond is under some pressure with that weaker forecast. back to you. connell: now, onto housing. maybe we can finally say it, ron, housing has finally turned the corner. that is it. it is off to the races. >> connell, i could not agree more. i would say that housing is back. it has been in the penalty box as it relates to the economy. i think that this...
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we have learned that in our area with superstorm sandy. is there anything you can do locally to make a difference? do you have to wait for the president to give you money and declare this state or is there anything locally that can be done or privately? >> no. actually, i think federally is wre we're going to have to look to see a solution to this problem. that and t the sky for rain. we need this process of blasting these rock pinnacles to be expedited as fast as possible. we need more water to be released out of the missouri river and missouri river basin and we'll need more rain otherwise it will be huge economic impact to the american consumer. melissa: let's talk about that. besides the fact this is pretty astounding and a lot of us don't know it is going on it will ultimately impact us because if there are $7 billion worth of goods going through this area that has a domino effect to the rest of the country interms of prices. what could we expect to see in the rest of the country? >> i think what you can see as direct example is you h
we have learned that in our area with superstorm sandy. is there anything you can do locally to make a difference? do you have to wait for the president to give you money and declare this state or is there anything locally that can be done or privately? >> no. actually, i think federally is wre we're going to have to look to see a solution to this problem. that and t the sky for rain. we need this process of blasting these rock pinnacles to be expedited as fast as possible. we need more...
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Dec 27, 2012
12/12
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i think it was mastercard spending pulse saying it actually not the fiscal cliff, it was superstorm sandy. >> right. adam: at the end. day are consumers pulling back? doesn't matter if it was the storm or fear they're pulling back, right. >> that was a real good point you made. mastercard said this these numbers were becoming a concern for the consumer back in october. the national retail federation had projected holiday sales would go up about 4.1%. adam: yep. >> that is some growth but it is nowhere near the 5.6% we saw lt year. there is a little bit of a slowdown. also we have to look at the consumer sentiment numbers. it is coming in at the month of december around 72 points. that is 10 points less than at its high in july. so we're definitely seeing that consumer slowdown happen even way before the fourth quarter. adam: you're with therf. you're with the national retail federation, are you not. >> no. i'm an independent analyst. adam: excuse me. a lot of people like the nrf but what are the repercussions whether for the nrf or anybody? nrf, they're sticking to it. they're not revisin
i think it was mastercard spending pulse saying it actually not the fiscal cliff, it was superstorm sandy. >> right. adam: at the end. day are consumers pulling back? doesn't matter if it was the storm or fear they're pulling back, right. >> that was a real good point you made. mastercard said this these numbers were becoming a concern for the consumer back in october. the national retail federation had projected holiday sales would go up about 4.1%. adam: yep. >> that is some...
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Dec 24, 2012
12/12
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. >> part of it is hurricane sandy and part of it's the tragedy from newtown, connecticut. david: people are afraid to go out and shop? >> they're not in the mood. one quote in an article talk people think it's better to spend time with family. shopper tracker is finding that people shopping for the week that ended december 15th down 4.3%. overall they've adjusted what they think the holiday seen will be. and they've adjusted that it will be a growth of 2.5%. and thought it would be 3.3%. national retail federation is keeping their prediction of growth 4.1%. real quick, i don't know if we have the graphic available. if you invest in retailer, boy have the on-line retailers done gang busters and even the shopper track survey even on-line wasn't performing as well as last year. overall this year for shopping, the on-line stock is doing much better. >> meanwhile, j.c. penney can we put up the stock chart, intraday what it's doing? it's up almost # 4% today. does that surprise you? >> the brick and mortar retailers are up for the year. the on-line retailer, theirs is up. and on
. >> part of it is hurricane sandy and part of it's the tragedy from newtown, connecticut. david: people are afraid to go out and shop? >> they're not in the mood. one quote in an article talk people think it's better to spend time with family. shopper tracker is finding that people shopping for the week that ended december 15th down 4.3%. overall they've adjusted what they think the holiday seen will be. and they've adjusted that it will be a growth of 2.5%. and thought it would be...
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Dec 11, 2012
12/12
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with the response to sandy a is warranted? >> should fema and get mooe money? >> you hate to say nobody wants them to be efficient with their distribution. neil: -- fema needs to look at their mistakes it is dangerous. they have not learned anything. they should get on top of this get the people housing and tell the house are rebuilt. >> you know, because it is your home. i am not oblivious. >> why does the administration get a pass? >> the story was written a great response maybe it was bereday number six it was terrible. number 10 and number 12 there were closing the office. the narrative losses amid tender of a. this should not be the way to respond in the future. we should learn. you always make mistakes but always looked how we cure those for the future. you wonder how much have they fixed? >> neil: switch gears on the budget impasse talk the fiscal cliff for the brink. many say republicans give away the store. >> if they do, they are with tax hikes but no reduction of spending then they give away the store. >> they have to enforce the promise. neil: that
with the response to sandy a is warranted? >> should fema and get mooe money? >> you hate to say nobody wants them to be efficient with their distribution. neil: -- fema needs to look at their mistakes it is dangerous. they have not learned anything. they should get on top of this get the people housing and tell the house are rebuilt. >> you know, because it is your home. i am not oblivious. >> why does the administration get a pass? >> the story was written a...
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apparently no impact from superstorm sandy. the unemployment rate went down 7.7%. here is the reason why. the labor force participation rate down to 63.6%, and 350,000 people passed the work force and gave up looking for work. that is the real story in the jobs report. that is why many -- why the rate came down. a lot of people flat out discouraged. the white house releasing a statement on the jobs report, same as always saying the economy is growing, policies are working. only a small game for stocks this morning. dow industrials, 51 points. back in a moment with a young republican. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for ristmas delivery. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to bathe, i thought those days might be over. so my doctor prescribed symbicort. it heps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicor
apparently no impact from superstorm sandy. the unemployment rate went down 7.7%. here is the reason why. the labor force participation rate down to 63.6%, and 350,000 people passed the work force and gave up looking for work. that is the real story in the jobs report. that is why many -- why the rate came down. a lot of people flat out discouraged. the white house releasing a statement on the jobs report, same as always saying the economy is growing, policies are working. only a small game for...
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Dec 13, 2012
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that's roughly about the same the administration is requesting for hurricane sandy relief. connell: right. okay. well, that does put it in some perspective giving you an idea what they are thinking, but the question is what do they do about it? a few interesting exchanges, and i don't know what reporter it was, the microphone was low, but why do we do this every christmas? it's always something. that's one of the concerns. we cover markets, and can they function? every year it's something pushed to the end, and it's going to happen again. how do the republicans, i don't know if "get out of this" is the right phrase, and a couple days ago, maybe i did see it, but now i don't see the end game how it works out. >> that is right. 65% of the americans of believe the federal government is broken. 82% of republicans, 71% of independents believe the federal government is broken. 47% of democrats. that suggests that people don't trust how the federal government is spending their money once the federal government gets that money. you have inherent problem in the way the government is
that's roughly about the same the administration is requesting for hurricane sandy relief. connell: right. okay. well, that does put it in some perspective giving you an idea what they are thinking, but the question is what do they do about it? a few interesting exchanges, and i don't know what reporter it was, the microphone was low, but why do we do this every christmas? it's always something. that's one of the concerns. we cover markets, and can they function? every year it's something...
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Dec 24, 2012
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think everything that needed to be done in terms of consumer investment purchasing in the aftermath of sandy took place. on the other hand if you noticed that has not been a lot of promotions from the major retailers past the holiday weekend that kicked off. i believe retail will do reasonably well, the question is will it exceed last year's performance? lori: i know apple is one of the companies you are bullish on. where's the upside, where do you see the trajectory? >> i have three sons all in their 20s, and they are they'red to the apple ecosystem for years to come. i think apple is a play that will not be the sony people talk about. i think apple has a place in the public mind that will be tough to remove. lori: is this an entry point? >> if you back out the cash, trading eight or nine times earnings depending on who you're looking at, given the outlook and not just the u.s. consumer, but now you talk about sales in china just started, there's a lot of catalyst and the stock is cheap. david: despite your pessimism of what might happen in the economy, you're optimistic about what's happen
think everything that needed to be done in terms of consumer investment purchasing in the aftermath of sandy took place. on the other hand if you noticed that has not been a lot of promotions from the major retailers past the holiday weekend that kicked off. i believe retail will do reasonably well, the question is will it exceed last year's performance? lori: i know apple is one of the companies you are bullish on. where's the upside, where do you see the trajectory? >> i have three sons...
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Dec 10, 2012
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melissa: so is global warming to blame for hurricane sandy, right? former vice president al gore thinks so and blames president obama for not doing enough to fix it. >> it is causing these extreme weather events. dirty energy causes dirty weather. and we have to come to our senses and do something about it. i deeply respect our president. i'm grateful for the steps that he has taken but we can not have four more years of mentioning this occasionally and saying it's too bad that the congress can't act. melissa: but then, colorado state university researchers out today with a report that says hurricane sandy was not influenced by global warming and lou dobbs is here now to weigh in. >> so i tell you, what is all that with, he wasn't that animated at any point --. melissa: that was nicest part of the speech. i watched the whole thing. he got really agitated. he said our atmosphere is open sewer. yeah, i don't know. >> he ought to look at the colorado state survey which shows over two periods, one in which there was very little carbon dioxide, that is 18
melissa: so is global warming to blame for hurricane sandy, right? former vice president al gore thinks so and blames president obama for not doing enough to fix it. >> it is causing these extreme weather events. dirty energy causes dirty weather. and we have to come to our senses and do something about it. i deeply respect our president. i'm grateful for the steps that he has taken but we can not have four more years of mentioning this occasionally and saying it's too bad that the...
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missouri businessman is posing as aecret santa giving away $100,000 in hundred dollar bills to hurricane sandy survivors. this generosity is matched only by his humility. he insists on remaining anonymous and not being photographed all. here is a clue. he and his security entourage have been spotted with red caps watch with the word. [indiscernible] we all love hundred dollar bills, but not everyone feels the same way about the dollar bill. a new report arguing we should get rid of the dollar bill and reace it with a heavier, but longer lasting dollar coin. why? they say because doing so would save us about $146 million per year. if we want to wage a war on currency, maybe they should think about getting rid of the penny. by some estimates t would save the $60 million per year. it costs to and a half cents to make every penny. now, that is a government at work. two and half cents for every penny. president obama planning to meet with governors next week as part of his effort to talk with people about avoiding the fiscal cliff. members of the national governors' association executive committee
missouri businessman is posing as aecret santa giving away $100,000 in hundred dollar bills to hurricane sandy survivors. this generosity is matched only by his humility. he insists on remaining anonymous and not being photographed all. here is a clue. he and his security entourage have been spotted with red caps watch with the word. [indiscernible] we all love hundred dollar bills, but not everyone feels the same way about the dollar bill. a new report arguing we should get rid of the dollar...
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the new book that what has been impacted by sandy. there is some conflicting information coming out. cheryl: we start to look at the data you get into the data better. if you have 7.7 unemployment rate, it fell because people dropped out of the labor force. were they cleaning up basement somewhere in the northeast, where they hoping volunteer? >> or could they just not get to whereethey needed to go. this is so important. look at the trend line. job creation has been around 150,000. the labor participation rate continues to drop. that has been a big concern. cheryl: 369,000 said yes to being out to work because of the weather. there is a lot of anxiety about our investment as we get towards the end of the month. >> it is all about financial strength and strong balance sheets. the economy continues to chug along and approve slowly. but slowly we are being weighed down by the fiscal cliff. cheryl: that means a new year's eve selloff. >> you will not time it if you are an investor. focus on companies that have strong balance sheets, pay
the new book that what has been impacted by sandy. there is some conflicting information coming out. cheryl: we start to look at the data you get into the data better. if you have 7.7 unemployment rate, it fell because people dropped out of the labor force. were they cleaning up basement somewhere in the northeast, where they hoping volunteer? >> or could they just not get to whereethey needed to go. this is so important. look at the trend line. job creation has been around 150,000. the...
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Dec 31, 2012
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anything on that, or emergency dollars for sandy victims as well? >> there is still discussion on the house side of dealing with the sandy bill. there was negotiations in meetings last night with the members of the new york and new jersey delegation specifically related to sandy and number of difficult farm committees and farm state representatives have been discussing with republican leadership how they get that done as well. all the parts are moving here on capitol hill. when it comes to the fiscal cliff negotiations everything is extremely fluid. the deal is a tentative frame work. they're still working out details. shibani: got it. still very much anything can happen. thanks a lot. >> all right. ashley: rich, thank you. a framework perhaps. let's go to peter barnes at the white house. peter, what are you hearing? >> i can confirm what rich is reporting much the president will come out here any minute but he is not expected to announce a final deal. he is going to say that the congressional negotiators and the white house are close to a deal here
anything on that, or emergency dollars for sandy victims as well? >> there is still discussion on the house side of dealing with the sandy bill. there was negotiations in meetings last night with the members of the new york and new jersey delegation specifically related to sandy and number of difficult farm committees and farm state representatives have been discussing with republican leadership how they get that done as well. all the parts are moving here on capitol hill. when it comes...
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. >> we might get a free pass, sandy pass no mat what they are. if they're disas truss it was sandy. if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my shirt!. what the heck. i thought you didn't want to be a trader? one of the reasons i'm getting a little bit bullish about the market in general. i'm a individual stock guy. i don't like to do the macro thing. i like the way the market acts. we've seen a shaking out of the weak sisters. we had the market pull back sharply. we saw the pullback in apple. weak holders of stocks, weak sisters have for the most part been shaken out. it would take disasterous news --. ashley: talking about disaster, what if we went over the cliff? >> if we did go over the cliff and saw the mark
. >> we might get a free pass, sandy pass no mat what they are. if they're disas truss it was sandy. if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my...
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Dec 13, 2012
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lori: the impact of hurricane sandy what do you think? >> there was impact during the month of november. people were without power in the new york area more than the final week of october. between that and i think carryover for the entire holiday season it is stuff in the northeast from that perspective. lori: absolutely but the follow-up what about money spent on rebuilding effort, extra gas? >> right. there's that positive aspect to it as well. lori: how does it off set? how does it net out? >> i think in terms of christmas shopping, for example, the numbers so far look pretty good. the traffic to us looks pretty good we see in the malls even during this period when normally there is quite a lull going on after the frenzy of black friday. lori: pretty good is a good way to characterize it, even though sales rose in november it wasn't as much as economist were looking for they were looking for another .2 of a percent gain. what do you think happened? >> we're seeing a season increasingly spread out over time. certainly black friday almos
lori: the impact of hurricane sandy what do you think? >> there was impact during the month of november. people were without power in the new york area more than the final week of october. between that and i think carryover for the entire holiday season it is stuff in the northeast from that perspective. lori: absolutely but the follow-up what about money spent on rebuilding effort, extra gas? >> right. there's that positive aspect to it as well. lori: how does it off set? how does...
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Dec 13, 2012
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number two is superstorm sandy. the storm that devastated much of the northeast captured headline after headline. it's part outline government response. at length one of the biggest gatherings of rock musicians ever in last night's fund-raising concert. the number one search story is the death of whitney houston. her shocking death in february had everybody talking. asking questions and remembering legendary singer. playing some of her unforgettable songs. on the top 10, deal with it and of course gangham style, and no, i'm not going to do that dance. coming back with more union news and views from obamacare. insurance companies are threatening major rate hikes. we will have all that matters. uh... whew. [ male announcer ] brk from the holiday stress. ship fedex express by december 22nd for christmas delivery. tracy: surprise, surprise. obamacare is forcing insurance rates. blue shield of california is hiking and three by 12 to 20% this month. it is certainly not alone. the ceo of aetna says we are going to see some
number two is superstorm sandy. the storm that devastated much of the northeast captured headline after headline. it's part outline government response. at length one of the biggest gatherings of rock musicians ever in last night's fund-raising concert. the number one search story is the death of whitney houston. her shocking death in february had everybody talking. asking questions and remembering legendary singer. playing some of her unforgettable songs. on the top 10, deal with it and of...
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Dec 26, 2012
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giving you a lot of reasons for this most of which they seem to believe was superstorm sandy that hit the big shopping areas and 5 lot of the big -- a lot of the big population centers on the east coast, and people there in new york, new england did not shop, and that was sufficient enough to bring down the numbers nationwide. there was a built of a rebound prior to christmas, but not enough to put us back on track for what the national retail federation says is their prediction for the holiday shopping season. 4.1% growth over last year, $586 billion season, but others say, no, nrf is off, and, in fact, shopper trek on monday revised from 3.3% to 2.5% growth. expect to see big sales, especially when you consider, nrf says, i think, that retailers make anywhere from 20% to 40% of revenue in the holiday shopping season, could be bad news for a lot of people. ashley: could indeed. adam, thank you very much. >> yep. ashley: there's a holiday hangover today, no doubt about, that but they have to help customers know when a sale is a sale. scott, bbc capital markets retail analyst joining m
giving you a lot of reasons for this most of which they seem to believe was superstorm sandy that hit the big shopping areas and 5 lot of the big -- a lot of the big population centers on the east coast, and people there in new york, new england did not shop, and that was sufficient enough to bring down the numbers nationwide. there was a built of a rebound prior to christmas, but not enough to put us back on track for what the national retail federation says is their prediction for the holiday...
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Dec 19, 2012
12/12
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would've the impact of hurricane sandy, the expectations and looking at a record in terms of holiday she rents that is probably giving investors some hope and that is why the stock is up today. liz: they're getting out of gm, current investors, now look at it, the government's hand will be out of the company moving more like a publicly traded stock. >> into the next 15 months the government will likely be completely out of gm and that is why general motors hit an annual high today. david: we're looking at a very broad fall, it is not that deep of a fall, but all the sectors are involved. looking at technology, we spotted a couple of winners. western digital and
would've the impact of hurricane sandy, the expectations and looking at a record in terms of holiday she rents that is probably giving investors some hope and that is why the stock is up today. liz: they're getting out of gm, current investors, now look at it, the government's hand will be out of the company moving more like a publicly traded stock. >> into the next 15 months the government will likely be completely out of gm and that is why general motors hit an annual high today. david:...
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Dec 18, 2012
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school is back in session and newtown, connecticut, with the exception of sandy hook elementary. meanwhile, mourners paying final respects to two more students killed in that tragic shooting. government officials say that the -- is working to stabilize the condition. they have not decided if he will be treated in baghdad or another country. a harvard university astronomer is think the device is stumbling in space and officials have not picked up any transmissions. that is to sign pointing to it being inactive at this point. back to you, dagen. dagen: thank you very much. let's talk about these markets. we have a pretty nice rally going on. gold is down. we have gains across the board it was the biggest game of the month, so far. over 10 million, and just 48 hours. the number of copies of google maps downloaded. there is the google stock price today. u.s. government hitting toyota with a record $17.4 million fine. it delayed a safety recall. remember 2010, over 48 william dollars for three violations when you think of christmas dinner, i don't think you're thinking mcdonald's. it
school is back in session and newtown, connecticut, with the exception of sandy hook elementary. meanwhile, mourners paying final respects to two more students killed in that tragic shooting. government officials say that the -- is working to stabilize the condition. they have not decided if he will be treated in baghdad or another country. a harvard university astronomer is think the device is stumbling in space and officials have not picked up any transmissions. that is to sign pointing to it...
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Dec 11, 2012
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what i see next year, liz, only one economic stimulant i see, and that's sandy rebuilding. the realtime data shows a pickup in incomes since middle of november and jobs grew faster than the fake number the bls puts out. we see very little growth next year assuming any income tax at no growth, if a lot of income taxes go up, and how do you have a 15pe in an economy not growing? doesn't make sense to me. david: okay. believe it or not, this guy has stock picks. well get to them in a second, charles, but sam, an analysis as dreary as that, does that headache you rethink your own analysis? fighting that or are you going with the trend of the market do you think? >> well, david, any time i hear commentary from a smart individual like charles, i look to my data again. my belief, though, is that we are on an upward trajectory, and this is all the reason why those in congress have to be careful not to embrace the austerity program too tightly because that could have a dell tear yows effect on our growth. david: higher taxes or lower government spending hurt worse? >> hurt me both.
what i see next year, liz, only one economic stimulant i see, and that's sandy rebuilding. the realtime data shows a pickup in incomes since middle of november and jobs grew faster than the fake number the bls puts out. we see very little growth next year assuming any income tax at no growth, if a lot of income taxes go up, and how do you have a 15pe in an economy not growing? doesn't make sense to me. david: okay. believe it or not, this guy has stock picks. well get to them in a second,...